SmartKem, Inc. (NASDAQ:SMTK), a company specializing in semiconductors and related devices, has disclosed through a recent SEC filing the awarding of one-time special bonuses to key executives and the scheduling of its 2024 annual meeting of stockholders.
On Monday, the Compensation Committee of SmartKem approved special bonuses for two of its top scientists. Beverley Brown, the Chief Scientist, and Simon Ogier, the Chief Technology Officer, each received a bonus of $32,110. This bonus was calculated based on the exchange rate of $1.2844 to one pound sterling as published by the Bank of England on the date of the award.
In addition to the executive bonuses, SmartKem has set the date for its 2024 annual meeting of stockholders for September 23, 2024. Stockholders on record as of August 19, 2024, will be entitled to notice and to vote at the meeting. The timing of this year's annual meeting deviates from the traditional schedule, occurring more than 30 days from the anniversary of the previous year's meeting.
In other recent news, SmartKem, Inc. revealed the allocation of stock options and cash bonuses to its top executives. As per the company's announcement, Chief Executive Officer Ian Jenks was awarded options to purchase 181,000 shares, while Chief Financial Officer Barbra Keck received options for 100,000 shares. Chief Technology Officer Simon Ogier and Chief Scientist Beverley Brown were each granted options for 49,000 shares, with an exercise price of $6.50 per share.
In addition to the stock options, cash bonuses were also approved for Jenks and Keck, amounting to $26,767 and $45,000 respectively. These bonuses were awarded in recognition of their contributions to the successful uplisting of the company's shares on the Nasdaq Capital Market.
The company also disclosed the awarding of one-time special bonuses to Beverley Brown and Simon Ogier, valued at $32,110 each. Furthermore, SmartKem has set the date for its 2024 annual meeting of stockholders for September 23, 2024, with the deadline for stockholders to submit proposals being August 5, 2024. These are among the latest developments for SmartKem, as reported in its recent SEC filing.
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